Effective immediately the terms of the Duke MBA Opportunity Loan have been changed for the 2004-2005 academic year as follows:

The interest rate is Prime + 2% with a 4% loan origination fee.

The annual maximum loan amount International Students can borrow has been increased to $50,000, per academic year. ($39,329 for educational expenses + $10,671 for miscellaneous expenses)

Total educational expenses include tuition, student health insurance, books, and all required fees. Miscellaneous expenses include laptop computer, GATE, Exchange, child care or living expenses. Please be reminded that the amount students are eligible to receive from the Duke MBA Opportunity Loan cannot exceed the Total Cost of Attendance less any other financial aid.

Students will not be required to make interest loan payments while enrolled.